Gold Price Analysis: XAU/USD rebounds $20 to $1830 as DXY drops sharply

A reversal of the US dollar across the board triggered a rally in XAU/USD.
Gold jumped $20 from the low, hitting a fresh daily high at $1830.

Matías Salord FXStreet

Metals printed fresh daily highs, offering a complete differed scenario from hours ago. Gold bottomed earlier at $1810 and when it seemed ready to extend the slide, bounced sharply rising to $1830, hitting a fresh daily high.

Near the end of the week, XAU/USD is hovering around $1825, flat for the day and about $10 above the level it had a week ago. Still, some sharp moves seem likely considering that volatility in the forex market surged.

A decline of the US dollar triggered the rally in gold. The DXY dropped from multi-day highs above 90.70 to 90.39 in a few hours. At the same time, US yields move off highs adding support to metals. XAG/USD broke above $27.20 and reached at 27.42 a two day high.

The week is about to end on a soft tone for the US dollar ahead of a long weekend due to a holiday in Monday in the US. Also, the Spring Festival in Asia could keep volume depressed at the beginning of next week.

Technical levels

XAU/USD

Overview
Today last price	1826.78
Today Daily Change	0.38
Today Daily Change %	0.02
Today daily open	1826.4

Trends
Daily SMA20	1839.82
Daily SMA50	1859.56
Daily SMA100	1869.72
Daily SMA200	1856.77

Levels
Previous Daily High	1847.64
Previous Daily Low	1821.22
Previous Weekly High	1871.9
Previous Weekly Low	1785.02
Previous Monthly High	1959.42
Previous Monthly Low	1802.8
Daily Fibonacci 38.2%	1831.31
Daily Fibonacci 61.8%	1837.55
Daily Pivot Point S1	1815.87
Daily Pivot Point S2	1805.33
Daily Pivot Point S3	1789.45
Daily Pivot Point R1	1842.29
Daily Pivot Point R2	1858.17
Daily Pivot Point R3	1868.71

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

AUD/USD gains traction near 0.7100 as the post-Fed USD rally pauses

AUD/USD finds fresh buyers and retakes 0.7100 in the Asian session on Thursday as the US Dollar pauses its hawkish Fed-inspired rally to its highest level since late July. However, RBA rate-hike bets and hopes for US-Iran diplomatic efforts lift risk sentiment and support the risk-sensitive Australian Dollar and the major.

USD/JPY reverses a dip below 156.00 as focus shifts to BoJ

USD/JPY is reversing a brief dip below 156.00 in the Asian session on Thursday, looking to snap a three-day winning streak to a nearly two-week top set the previous day. The US Dollar pauses following the post-Fed rally to seven-week highs, while a more hawkish repricing of the BoJ's policy normalization path supports the Japanese Yen. This keeps the pair's upside limited, with the focus now shifting to the BoJ policy decision due on Friday.

Gold retakes $4,300 amid modest USD pullback but hawkish Fed caps upside

Gold climbs back above the $4,300 mark heading into the European session on Thursday, though it remains within striking distance of a six-week low touched the previous day. The US Dollar eases after touching a fresh high since late July and offers some support to the commodity. However, the Fed's hawkish outlook, along with escalating Middle East tensions, should continue to underpin the safe-haven and cap the non-yielding bullion.

XRP and XLM rebound amid mixed signals

Ripple (XRP) and Stellar (XLM) extend their recovery at the time of writing on Thursday after finding support at key technical levels. However, mixed derivatives and on-chain data for both altcoins suggest that traders remain cautious and have yet to show strong conviction in a sustained rebound. Derivatives data shows a mixed and cautious outlook among traders.

BoE expected to hold interest rate at 3.75%

The Bank of England (BoE) is set to reveal its latest monetary policy decision on Thursday, coinciding with its sixth rate-setting meeting of 2026. Market analysts expect the central bank to keep its benchmark interest rate steady at 3.75%, which should be its sixth hold in a row following December’s 25-bps rate cut.

How Japan became the World's Banker and why that era may be ending

Japan's ultra-low interest rates helped finance trillions of dollars in global investments for more than a decade, making the Japanese Yen one of the world’s cheapest sources of funding. With the Bank of Japan expected to tighten policy again this week, that advantage may be entering a new phase. While most major economies raised interest rates, Japan remained the world's outlier.